Sheets Smith Investment Management Purchases New Stake in SPDR Bloomberg 1-3 Month T-Bill ETF $BIL

Sheets Smith Investment Management acquired a new position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 43,460 shares of the company’s stock, valued at approximately $3,987,000. SPDR Bloomberg 1-3 Month T-Bill ETF comprises approximately 2.6% of Sheets Smith Investment Management’s holdings, making the stock its 2nd largest holding.

Several other large investors also recently added to or reduced their stakes in BIL. Western Pacific Wealth Management LP purchased a new position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF during the 2nd quarter worth $38,000. MeadowBrook Investment Advisors LLC purchased a new stake in shares of SPDR Bloomberg 1-3 Month T-Bill ETF in the second quarter valued at about $43,000. Ameriflex Group Inc. increased its position in SPDR Bloomberg 1-3 Month T-Bill ETF by 205.1% during the second quarter. Ameriflex Group Inc. now owns 482 shares of the company’s stock worth $44,000 after purchasing an additional 324 shares during the last quarter. Bangor Savings Bank purchased a new position in SPDR Bloomberg 1-3 Month T-Bill ETF during the second quarter worth about $50,000. Finally, GHP Investment Advisors Inc. raised its stake in SPDR Bloomberg 1-3 Month T-Bill ETF by 34.4% during the second quarter. GHP Investment Advisors Inc. now owns 586 shares of the company’s stock worth $54,000 after purchasing an additional 150 shares during the period.

SPDR Bloomberg 1-3 Month T-Bill ETF Trading Down 0.4%

NYSEARCA:BIL opened at $91.27 on Friday. The company’s 50-day moving average is $91.59 and its two-hundred day moving average is $91.60. SPDR Bloomberg 1-3 Month T-Bill ETF has a 1-year low of $91.26 and a 1-year high of $91.78.

About SPDR Bloomberg 1-3 Month T-Bill ETF

The SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of all publicly issued zero-coupon US Treasury bills with a maturity of at least 1 month, but less than 3 months. BIL was launched on May 25, 2007 and is managed by State Street.